Australia's Great Western Exploration tumbles on downbeat drilling results forecast

Great Western Exploration

11/06/2024 03:47

** Shares of Great Western Exploration  GTE.AX  fall as much
as 42.6% to A$0.027, their biggest intraday percentage drop
since May 29, 2020
    ** Stock hits its lowest level since Feb 15
    ** Copper and gold explorer says drilling has been completed
at its Fairbairn Copper Project in Western Australia
    ** Says it is anticipated that significant copper results
will not be received from the intercepts recorded during
drilling 
    ** About 1.9 mln shares change hands, compared with the
30-day average volume of around 384,000
    ** Stock up 80.8% YTD, based on last close



 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))